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Explore the basics of managerial accounting—a specialized branch of accounting that helps managers make critical business decisions.
Managerial accounting is a specialty that bridges people and data. Accountants communicate financial information to managers so that they can make critical business decisions, plan for the future, and analyze past performance. This course provides a basic introduction to aspiring managerial accountants. Discover the types of managerial accounting and its applications, from lean accounting to lifecycle costing. Follow a real-world case study showing the insights generated from a critical decision about payroll, and learn how to define the elements that will help you successfully implement managerial accounting in the real world. Instructor Joshua Rischin, a management consultant, also provides some tips on building a successful and sustainable career in managerial accounting.
Overview
Syllabus
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Introduction
- Benefits of managerial accounting
- What is managerial accounting?
- Types of managerial accounting
- The bigger picture
- Lean accounting
- Activity-based costing
- Lifecycle costing
- Project accounting
- Case study: Insource vs. outsource payroll
- Strategic goals and outcomes
- Outputs that matter
- Information needs
- Assumptions and business rules
- Preparing a model
- Building capability
- What to do now
